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5 (20 Marks) REQUIRED Use the information provided below to prepare the following for July and August 2024 : 5.1 Debtors Coliection Schedule (4 marks)

5 (20 Marks) REQUIRED Use the information provided below to prepare the following for July and August 2024 : 5.1 Debtors Coliection Schedule (4 marks) 5.2 Cash Budget. (16 marks) INFORMATION The following information was provided by Miller Enterprises: The balance in the bank on 30 June 2024 is expected to be R50000. Budgeted sales (excluding discounts) are as follows: May 2024 June 2024 July 2024 August 2024 Cash sales R340000 R360 000 R320 000 R400000 Credit sales R380000 R460 000 R440000 R500000 Twenty percent (20%) of the cash sales is subject to a discount of 10%. Credit sales are normally collected as follows: 60% in the month of the sale, and these customers are entitled to a 5%

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